June 11, 2012
Cross Cultural Perspectives: Wal-Mart
Wal-Mart is defined as the giant of retail and it is one of the largest companies in the world. It has grown to not only be a staple in America but internationally as well, touching base in countries such as Japan and China. It is a popular supercenter that is located worldwide. Wal-Mart is the largest retailer and the largest company in the history of the world due to globalization and this due to the way they conduct business operations. Wal-Mart management has implement ways to overcome the challenges that are presented the ethical and social responsibilities in regards to globalization. This paper will present a breakdown analysis on how Wal-Mart has conquered the challenges of globalization and how they manager to remain the largest profit-making organization both in the USA and globally (Rosenfeld, 2007). In addition the paper will breakdown how the organization deals with ethical perspectives within this global icon known as Wal-Mart. Globalization
Wal-Mart management embraced globalization and used it to develop a monopoly of international markets across the world. Wal-Mart has supercenters in the following countries: Mexico, Canada, Brazil, Japan, China and India. According to Glynn Davis (2008), Wal-Mart’s international market gives us a vast idea of the variety of businesses that it now operates around the world. Globalization has made Wal-Mart a multi- billion dollar industry. In Mexico the annual sales for Wal-Mart are $20 billion, in Canada Wal-Mart have established an $11 billion business, in Brazil the sales are $8 billion dollars with the potential to increase to over $20 billion and in Japan the sales average around $4.3 billion (Davis, 2008). Cultural Issue
The first negative encounter Wal-Mart has experienced due to...